Start Up Business Loans

September 30, 2008

What’s another $25 billion for Detroit automakers?

Filed under: Articles and News

Filed under: Ford Motor (F), General Motors (GM), Toyota Motor Corp. ™, Mutual funds, Money and Finance Today, Nissan Motors (NSANY), Financial Crisis

Lost in this weekend’s news about the $700 billion bailout package for the banking industry was a $25 billion loan package for United States auto manufacturers. This package comes at a time when apparently Congress and the President believe that the American people will see $25 billion as a pittance compared to the $700 billion they’re already planning to spend on mortgages. While there certainly is precedence for this move — the government loaned $675 million to Chrysler in 1980— this loan package is several orders of magnitude larger.

Ryan Pfenninger of MarketRiders is outraged at this loan package, claiming it is anti-competitive to startup companies like Tesla Motors who are investing their own money in alternative technologies like battery power. $25 billion is a lot of money. Detroit should not be able to argue for 30 years against improved fuel mileage and better technology, and then come back to the same government they persuaded into facilitating their failure, for a bailout.

 

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September 29, 2008

Equipment Leasing

Filed under: Articles and News

Equipment leasing will preserve your working capital.

Are you starting a small business or have you been in business less than 2 years? As you may know, finding equipment leasing for a small business start up can be difficult.

Not anymore.

Our equipment leasing program for startup / new businesses is designed with you in mind! We don’t require any time in business so you can be a day 1 start up and we can still get your business equipment leasing!

 

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September 26, 2008

Livent founders spent millions of their own funds on startup, lawyer says

Filed under: Articles and News

TORONTO — The co-founders of Livent Inc. spent $9.8-million of their own funds between 1990 and 1993 to cover loan costs and other expenses related to starting up the live theatre company, defence lawyer Brian Greenspan told a Toronto court Wednesday.

Mr. Greenspan, who is representing Livent’s co-founder Myron Gottlieb at his fraud trial, spent a significant part of Wednesday morning explaining that Mr. Gottlieb and partner Garth Drabinsky paid far more to cover expenses related to the creation of Livent than it is alleged they received from an improper invoice scheme that they are accused of benefiting from between 1990 and 1993.

 

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September 25, 2008

About Online Credit Card Applications

Obtaining a credit card these days is certainly a lot easier that it was years ago.  Today, the process for owning a credit card is often done through the internet, where anyone can simply fill-out and submit his application without even leaving his desk. 
Getting an approval is just as easy, especially if you have a good to excellent credit.  Seconds or a few minutes after submitting your online application, you can expect a response right away.  After getting approved, it usually takes only 5-7 banking days to receive your credit card by mail.

Even those with bad credit history don’t need to have a difficult time applying for a credit card.  Credit card issuers offer bad credit credit cards that are especially designed for customers with less-than-perfect credit history.  Secured credit cards offer customers the chance to rebuild or repair their damaged credit by using their credit cards and submitting their payments on time.  In fact, even those with no credit history at all can qualify for a secured credit card to start building credit.

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September 24, 2008

3 Honest Ways to Raise Startup Money

Create a healthy foundation for your business by combining enthusiasm with honesty.

Entrepreneurs tend to exaggerate. They exaggerate the success of their business when talking to startup investors. They exaggerate the market potential of their products to find distribution partners. They exaggerate the soundness of their strategy to recruit employees. Funding your business without exaggerating isn’t easy, but there’s a clear line between optimistic exaggeration and outright fabrication. Here are some guidelines to help you get your startup off the ground without selling your soul or spinning a web of lies.

 

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September 23, 2008

About Start-Up Business Loans

Business loans are especially created to meet the specific financial demands of entrepreneurs.  By acquiring financial assistance, an entrepreneur can enjoy more flexibility and ease in bringing his business ideas to life.  On the contrary, without sufficient funding, it would be very difficult for a business owner to execute his plans.

Business loans are also called start-up loans, bank loans, new business loans, commercial loans, small business loans and other names.  Different lenders may demand varying terms and requirements with the loans they offer.  Nevertheless, all these financing options are exclusively offered for business owners. 

 

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September 19, 2008

Small Business: It’s All About Relationships

Filed under: Articles and News

As the world of business becomes more complex, a small-business owner can no longer be an expert in all of the specialized disciplines a small business needs. Despite the fact that small-business owners must necessarily focus on producing and managing enough cash flow and on getting customers in the door, it is also critically important for them to cultivate and nurture relationships with a support team. This group includes:

  • customers
  • employees
  • a banker
  • an accountant/tax specialist
  • a lawyer
  • an insurance broker
  • a sales and marketing professional
  • a training provider
  • an enterprise systems and IT specialist

 

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September 18, 2008

Why Company Lease

One of the most efficient methods of business financing recommended for both new and old-time businesses is equipment leasing.  Leasing enables a business owner to acquire all the equipment needed for its operations. 

If you’re not familiar with the concept of equipment leasing, this article is made for you.  Here, we will discuss the advantages of business equipment leasing - particularly for small business and home based business owners.  Take a look at the following advantages and see how leasing can help enhance your business and lead you to success.

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September 17, 2008

SBA has multiple avenues to help small businesses, new administrator says

Loans guaranteed by the U.S. Small Business Administration may be harder to obtain but so is credit in the private sector, the SBA’s new acting administrator said.

Still, the agency offers other avenues to boost small businesses in economically slow times, Sandy Baruah said in Kansas City last week. These include government contracts, technical assistance through resource partners such as SCORE, Small Business Development Centers, Women’s Business Centers, and resources to restructure and manage debt more effectively.

 

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September 16, 2008

Viable Steps to Financing a Business

Financing a business can be a big challenge.  However, with the help of a lender or an investor, business financing does not have to be an impossible feat.  If you plan to venture into business, one of the first things you may prepare for is finding the right source of start-up capital.  In this article, let’s consider some of the most common methods of business financing that you can turn to.

Traditional Business Loans

Despite the popularity of conventional business financing options, experts still recommend the traditional ways of financing such as business loans or bank loans.  When it comes to business loans, a borrower can choose between a secured loan and an unsecured loan. 
A secured business loan is one that requires collateral while an unsecured business loan does not.  Some homeowners prefer to apply for a secured loan to enjoy lower rates.  On the other hand, those who are not willing to put their properties at risk opt for an unsecured loan even if it means paying for higher rates.

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